Regualar "Gambling" winnings effect JSA?

dealer_wins

I have had this question answered by the Inland Revenue a couple of years back.

They state that gambling winnings is NOT income in any form. Even if gambling is the only thing someone does, it is not an occupation whatsoever. It does not count as money coming in, it is not taxable as all gambling winnings are not taxed in the UK.

It also does not count as income towards means tested benefits.

That is 100% certain.

Russe11

dealer_wins wrote: »

I have had this question answered by the Inland Revenue a couple of years back.

They state that gambling winnings is NOT income in any form. Even if gambling is the only thing someone does, it is not an occupation whatsoever. It does not count as money coming in, it is not taxable as all gambling winnings are not taxed in the UK.

It also does not count as income towards means tested benefits.

That is 100% certain.

So your saying if I win say £9553(number off top off my head)

I inform the JCP that I have a change of circs, as i'll be over the savings threshold.

Over the next few days I lose £7066, I inform them of a change of circs again, as i'm under the savings threshold.

They will just adjust the benefit to nothing then back up again?

So they don't count the winnings as income, or the losses as deprivation of capital?

HappyMJ

Russe11 wrote: »

So your saying if I win say £9553(number off top off my head)

I inform the JCP that I have a change of circs, as i'll be over the savings threshold.

Over the next few days I lose £7066, I inform them of a change of circs again, as i'm under the savings threshold.

They will just adjust the benefit to nothing then back up again?

So they don't count the winnings as income, or the losses as deprivation of capital?

They do count the losses as deprivation....in a way. If you regularly spend a certain amount then it isn't counted. The gambling I do..Matched Betting..has little risk but as it has little risk the returns are low (so far between £70 and £300 per week) and will never be counted. There has been a case where a claimant has won £25,000 on the national game at the bingo hall...failed to declare and been found guilty. Gambling winnings count as capital but never as income.

dealer_wins

Russe11 wrote: »

So your saying if I win say £9553(number off top off my head)

I inform the JCP that I have a change of circs, as i'll be over the savings threshold.

Over the next few days I lose £7066, I inform them of a change of circs again, as i'm under the savings threshold.

They will just adjust the benefit to nothing then back up again?

So they don't count the winnings as income, or the losses as deprivation of capital?

Theres the rub with gambling and being on benefits. If you hit the savings limit, you will fall foul of the deprevation rules if you then go on to lose/spend the amount.

Still thems the rules for getting benefits, which are after all intended to help people with no income or savings through hard times, rather than be an income stream.

TaxAvoider

Try to make sure you don't win an amount over the Savings threshold then :-)

dazzammm

dealer_wins wrote: »

Gambling winnings are NOT income, they are NOT taxed, and they are NOT counted as income for benefit purposes.

Poker is a game of luck and skill, and many people have the ability to make good money online by being good at it. Obviously once your winnings take your capital up to a certain amount, this will start to affect means tested benefits.

i asked this of an DWP guy who came round to check up on me. he said its income as far as benefits is concerned even though its not taxable income so needs to be declared.
the alternative is do it through a neteller account, get one of their debit cards and withdraw the cash through an ATM. The only problem is you needed to have deposited from the neteller account to get the winnings paid back into it. but i never told you that.

[Deleted User]

Russe11 wrote: »

If you are claiming income based JSA then you have "income" so therefore you benefit should be reduced to allow for that even to the point of zero.

How they would ever find out is a different matter, could just transfer to a friends account and let them withdraw, then there is no paper trace.

winnings arent counted as income EVER,just as e.g clubcard points arent
you cant have your winnings paid to another persons account EVER

cit_k

woodbine wrote: »

winnings arent counted as income EVER,just as e.g clubcard points arent
you cant have your winnings paid to another persons account EVER

Do you have a source/link to legislation or case law that shows gambling wins are never counted as income?

Sixer

Gambling wins are only counted for income tax when they are carried on as part of a trade (eg selling tips or running a bookies rather than actual betting). There is extensive case law that basically makes an individual gambler largely bulletproof against this. See, for example: http://www.hmrc.gov.uk/manuals/bimmanual/bim22017.htm and http://www.hmrc.gov.uk/manuals/bimmanual/BIM22015.htm.

Really, it would be ludicrous. HMRC would have to allow all losses, which as we all know, would overall be the bigger number.

dodger1

relic wrote: »

As he explained he isn't.

I play poker at a few of the sites, FTP, PS and 888 and have deposited a total of $10 on 888 and FTP, and got a free $50 on PS. My PS account is the one where I make money, and regularly take out a couple of hundred quid if I need it and there isn't a large buy in tournament!

Bet you're not playing on FTP at the moment